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Economics

U.S. Mortgage Rates Slide to Record Low for 11th Time This Year

U.S. Existing-Home Sales Surged In July By Most On Record
Photographer: Bing Guan/Bloomberg

Mortgage rates in the U.S. once again dipped to a record low.

The average for a 30-year, fixed loan dropped to 2.8%, down from 2.81% last week and the lowest in almost 50 years of data-keeping, Freddie Mac said in a statement Thursday. It was the 11th record low this year. The previous one held for a week.